(a) Explanation Given: The demand function: p = 5 − x 1000 , where p is price and x is units produced. Formula used: If R ( x ) is the revenue function then marginal revenue is the derivative of the revenue function i.e. d R ( x ) d x . Calculation: The revenue function is given by R ( x ) = p * x = ( 5 − x 1000 ) x = 5 x − x 2 1000 Thus, marginal revenue is the derivative of the revenue function i (b) To determine To calculate: The marginal revenue for the demand function. (c) To determine To calculate: The marginal revenue for the demand function

Mathematics with Applications In the Management, Natural, and Social Sciences Plus NEW MyLab Math with Pearson eText -- Access Card Package (11th Edition)

11th Edition

ISBN: 9780321935441

Author: Margaret L. Lial, Thomas W. Hungerford, John P. Holcomb, Bernadette Mullins

Publisher: PEARSON

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Chapter 11.5, Problem 7CP

(a)

To determine

To calculate: The marginal revenue for the demand function.

(b)

To determine

To calculate: The marginal revenue for the demand function.

(c)

To determine

To calculate: The marginal revenue for the demand function

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Chapter 11.5, Problem 6CP

Chapter 11.5, Problem 8CP

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Chapter 11 Solutions

Mathematics with Applications In the Management, Natural, and Social Sciences Plus NEW MyLab Math with Pearson eText -- Access Card Package (11th Edition)

Ch. 11.1 - Checkpoint 1 Use a calculator to estimate by...Ch. 11.1 - Checkpoint 2 If , find the given...Ch. 11.1 - Prob. 3CP Ch. 11.1 - Checkpoint 4 Find the given limits. (a) (b) Ch. 11.1 - Checkpoint 5 Find Ch. 11.1 - Checkpoint 6 Find the given limits. (a) (b) Ch. 11.1 - Checkpoint 7 Let Find the given...Ch. 11.1 - Use the given graph to determine the value of the...Ch. 11.1 - Use the given graph to determine the value of the...Ch. 11.1 - Use the given graph to determine the value of the...

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